WEEEEEEEeeeeeeeee But it's ok, the high yield will save them............................oh wait.
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
Something I don't get, property bulls will tell us that the investment on property is over decades and will happily laugh at people who invest in gold, then show daily charts for gold prices.
If you're a property flipper, you can lose out just as much as a gold flipper, perhaps even more because of the various taxes tacked onto the sale of property.
While I agree, if you bought the majority of your gold holdings in the last 2-3 years, you might be worried, but if you bought anywhere before 2005, you're still up ~US$800/ounce.
"If man is to survive, he will have learned to take a delight in the essential differences between men and between cultures. He will learn that differences in ideas and attitudes are a delight, part of life's exciting variety, not something to fear." - Gene Roddenberry
"Balloon animals are a great way to teach children that the things they love dearly, may spontaneously explode" -- Lee Camp
Something I don't get, property bulls will tell us that the investment on property is over decades and will happily laugh at people who invest in gold, then show daily charts for gold prices.
You can hold property for the rising rental yield regardless of what happens to the prices Its a bit harder with gold which has no yield .....
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
Yes, but gold has/had a lower buy in price which allows you to top it up when the price is right for you, you can keep it at your PPOR, it requires no maintenance doesn't actually cost anything except a little space. The tenant can't draw on it, put nails in it, leave their pets in it.
I'm not arguing that gold or property is better, just that the incredible glee that some of our posters seem to have in seeing each others investment choices devalue seems a little misplaced.
"If man is to survive, he will have learned to take a delight in the essential differences between men and between cultures. He will learn that differences in ideas and attitudes are a delight, part of life's exciting variety, not something to fear." - Gene Roddenberry
"Balloon animals are a great way to teach children that the things they love dearly, may spontaneously explode" -- Lee Camp
Yes, but gold has/had a lower buy in price which allows you to top it up when the price is right for you, you can keep it at your PPOR, it requires no maintenance doesn't actually cost anything except a little space. The tenant can't draw on it, put nails in it, leave their pets in it.
I'm not arguing that gold or property is better, just that the incredible glee that some of our posters seem to have in seeing each others investment choices devalue seems a little misplaced.
Both assets have their strengths and weaknesses. The aggression comes from a period some years back when gold bugs constantly told housing bears how superior they were and how housing bugs would lose their money. Gold was maxing out over $1900 USD as I recall.
Not all, but a few of the gold bugs were pretty full on in their views when they thought that gold was headed to $7000 per ounce.
It' just like pay back time at preschool, although I confess that I've indulged a little as well.
On the internet everyone is a troll sometime.
Any expressed market opinion is my own and is not to be taken as financial advice
Yes, but gold has/had a lower buy in price which allows you to top it up when the price is right for you, you can keep it at your PPOR, it requires no maintenance doesn't actually cost anything except a little space. The tenant can't draw on it, put nails in it, leave their pets in it.
I'm not arguing that gold or property is better, just that the incredible glee that some of our posters seem to have in seeing each others investment choices devalue seems a little misplaced.
Both assets have their strengths and weaknesses. The aggression comes from a period some years back when gold bugs constantly told housing bears how superior they were and how housing bugs would lose their money. Gold was maxing out over $1900 USD as I recall.
Not all, but a few of the gold bugs were pretty full on in their views when they thought that gold was headed to $7000 per ounce.
It' just like pay back time at preschool, although I confess that I've indulged a little as well.
On the internet everyone is a troll sometime.
Good call Peter and well said.
Maybe we are just preschool kids in bigger bodies now
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